The artificial intelligence data center company Iren plans to issue 2 billion dollars in Convertible Bonds.

Golden Finance reports that Iren Ltd., a data center company focusing on artificial intelligence (AI) and high-performance computing, plans to raise $2 billion through two batches of Convertible Bonds issuance. According to a statement released by the company on Monday, it will issue two bonds of $1 billion each, maturing in 2032 and 2033, respectively. According to informed sources, the coupon rate range for the batch of bonds with a term of 6.5 years is between 0% and 0.25% during the market promotion phase, while the coupon rate range for the bonds with a term of 7.5 years is between 0.5% and 1%.